By Paolo Laudani (Reuters) – Chocolate maker and cocoa processor Barry Callebaut reported a lower sales volume than expected for its first quarter on Wednesday, hit by delayed orders as its clients renegotiate product prices with retailers amid record high cocoa costs. Its shares fell 4.3% by 0824 GMT to the bottom of Europe’s benchmark …
Barry Callebaut’s volumes fall as soaring cocoa prices begin to bite Read More »
(Reuters) – U.S. President Donald Trump’s aim to bring home manufacturing by increasing trade barriers is a questionable approach given that the economy is already running near capacity, European Central Bank President Christine Lagarde said on Wednesday. “This theory of substitution, in other words that I will lower imports from Europe to beef up manufacturing …
Trump aim of bringing home manufacturing a questionable strategy, Lagarde says Read More »
COPENHAGEN (Reuters) -Norway’s financial supervision authority (FSA) said on Wednesday it had fined Danske Bank 50 million Norwegian crowns ($4.42 million) for market manipulation. The financial watchdog, also known as Finanstilsynet, said in a statement it had imposed the penalty on the bank in connection with the issuance of a government bond in February 2023. …
Norway FSA fines Danske Bank $4.4 million for market manipulation Read More »
DAVOS, Switzerland (Reuters) – British finance minister Rachel Reeves said the country’s finances were now in order following her October budget, and her future instincts were for lower taxes and less regulation. “Now we have wiped the slate clean,” she said of the October budget on Wednesday on the sidelines of the World Economic Forum’s …
UK finance minister wants lower taxes, less regulation Read More »
GDANSK (Reuters) – Polish medical diagnostics company Diagnostyka has set a maximum price for shares offered in its initial public offering (IPO) at 105 zlotys, valuing the offering at up to 1.7 billion zlotys ($416.1 million), it said in a prospectus late on Tuesday. At a maximum price, Diagnostyka is valued at up to 3.54 …
Poland’s Diagnostyka sets maximum price in IPO at 105 zlotys/shr Read More »
A look at the day ahead in European and global markets from Stella Qiu Day two of Donald Trump’s second presidency culminated in an announcement that OpenAI, SoftBank Group and Oracle will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States, though how much of that was already …
Morning Bid: They do know Stargate is sci-fi, right? Read More »
(Reuters) – Rio Tinto is betting that U.S. President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday. “I do think that we have really good chances now to progress that project,” the miners top boss Jakob Stausholm told the newspaper in an …
Rio Tinto bets Trump will give green light to US copper mine, FT reports Read More »
By Echo Wang (Reuters) – Venture Global LNG is preparing to cut the proposed price range for its blockbuster initial public offering and increase the number of shares it may sell to investors, a source with direct knowledge of the matter said on Tuesday. Under the revised IPO plan under consideration, Venture Global would still …
Exclusive-Venture Global LNG set to lower price range on blockbuster IPO, says source Read More »
LONDON (Reuters) – At least 49 billion pounds ($60 billion) of maintenance work at schools, hospitals and prisons in Britain has yet to be carried out, a spending watchdog said on Wednesday, highlighting the real world impact of squeezed public finances. Finance minister Rachel Reeves is facing growing pressure to cut spending, boxed in by …
UK’s $60 billion maintenance backlog strains public services, spending watchdog says Read More »
(Reuters) -The chair of the UK Competition and Markets Authority (CMA), Marcus Bokkerink, has stepped down from his post, the competition regulator said on Tuesday. Doug Gurr has been appointed interim chair, the CMA said in a statement. The Financial Times reported earlier on Tuesday that Bokkerink, who was appointed chair of the CMA in …
